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Search Results 0 to 17 of about 18 (some duplicates have been removed)
are presenting that we can either contact or -- ? >> yes, peter bareez -- peter de vries of washington state and tom harkin in the senate. i have just come to our door tom harkin because he is like a voice of rationality in understanding the economics and burnie of the legal rules -- and making sure we have liberals for the economy. and the transaction tax is being taken very seriously in europe and probably will happen there, even though the u.k. is kicking and screaming because they specialize in being the home of trading, whether trading in stocks or derivatives or anything else. they simply do not want that to be taxed. there are people in congress. i think wall street is now the number-one contributor to political campaigns. at least, it is in the running for number-one. i have been to washington many times and i'm involved with several groups that are trying to reform the business sector so that it can work, so that it can survive. it is very difficult because of the sheer amount of money that the finance sector in particular is pouring into lobbying and campaign contributions. it is v
to be for the rising movie industry. cet will head out to washington as president obama is pushing forward his tax for the wealthy agenda. george osbourne is going to update today. the chancellor will have his work cut out to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now,
-dollar may struggle to break higher and definitely to break lieuthrough 1.31. >> adam, you're in washington. how do you view fiscal cliff discussions? >> i was pretty optimistic until about three days ago. my sense was republicans had lost enough ground, they wanted to get a new deal before they got weaker. they admitted that there has to be some revenue. meanwhile the obama team led by secretary geithner are comfortable with at least 2:1 what they would call entitlement cuts. so there was a lot of ground for a deal. unfortunately, i think the threats from some democratic leaders that maybe it's okay to go over the fiscal cliff, i'm worried some actually believe that and that's one thing that scares me. i think there's a deal on the table, get a few years deal, it's only if -- obviously the republican caucus could do something stupid, but owes otherwise my main word is the dems decide they want to play for a long term deal that it all has to be resolved right now and it's worth the risk and i don't think it's worth the risk. >> adam, always good to see you. thank you very much indeed. we mo
cliff talks. but he stands firm on the debt ceiling. >>> hopes for a deal in washington are pushing european shares near their highest of the year. and sweeten's bank cuts its key interest rate warning of eurozone woes. >>> a federal judge has denied samsung's injunction for a permanent injunction. it's not a total victory for samsung. the judge rejected the company's motion for a new trial based on the thought that the jury foreman was bias on apple. however, ceo jeff immelt says the fiscal cliff in washington has hurt demand in recent months. >>> and meredith whitney says it's time to buy bank. the independent research analyst has upgraded citigroup, bofa and discover financial as muches from hold to buy. ms. whitney told cnbc that the outcome of stress tests by the fed is one of the factors behind the move. she's not the only one to upgrade her move. rbc has hiked its price targets from $49 to $50. earlier we asked you if meredith whitney was trite to upgrade to banks or a little later. bac tops $11 and is up 98% year-to-date. and bahad tweets meredith whitney is now bullish at $
's going on. we've conveyed very frankly, candidly to the chinese in both washington d.c. and beijing in my case. >> in beijing, what is the view that you can tell of kim jong-un about what power he has, who he is, what its capabilities are to stay in north korea? >> the chinese believe we need to give north korea a chance in and develop economically. china would like all the parties that are part of the six party talks to get back to the table and to see if we can't encourage better behavior from north korea as opposed to imposing sanctions now and trying to coerce north korea into the fold and abiding by their international obligations. so that's a difference of opinion as strategy. china believes we have to engage with north korea. the united states does every time to try to engage with north korea, they basically turned around and fail to respond to their promises and live up to promises and it gets us nowhere. we don't believe we should reward bad behavior. he knocked what is the most important thing the chinese leaders want from you everyday? what are they looking for? >> they want gr
don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps up on the 3rd of january, but after the 1i of january. the bush tax cuts expire and then the house republicans, who are in my view the real source of the problem here, we saw what happened last week when boehner tried to push something through. the house republicans want to cut taxes rather than raising taxes. but frankly, i think this is going to the 113th congress from where we are today the. do you think we're going to feel it on the real economy in the first quarter? are we going to see this slight cautiousness feeding through in how -- >> well, first of all, we are seeing it on the u.s. economy already. there's no question about that. it has happened a distinct impact on corporate america's willingness to invest over the past several months, some say over the past year. that's likely to continue. even if we get a d
of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of john boehner as speaker was greatly exaggerated. did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl
of president obama sequestration policy. everyone here in washington is involved in this attack on our national defense capabilities from a financial perspective. the united states of america has limited funding. i would strongly urge us to use the $480 million being spent on the congo, instead being used to help to people in united states of america who are in need of help, or help reduce the deficit that was testified to be the greatest national security threat to the united states of america. it is a matter of priorities. i appreciate the very noble -- i emphasize the word noble -- effort to help people who are in harm's also way in various parts of the world. my colleague from florida mentioned somalia. certainly in vietnam we tried to do the noble things. we're in a different financial reality. in the absence of a national security interest in the congo, i am afraid that sequestration will force us to retract even though we may wish to the contrary. i yield back the remainder of my time. >> a couple of questions. sequestration is not only obama's, but also our responsibility. i believe we
, what many regarded as the worst-kept secret in washington, even in recent senate hearings john kerry sound like he was looking ahead to the future job and the anticipated battled over the state department budget with with congress. >> that must change and in the next session of the congress i hope it will. >> reporter: he wasn't the president's first choice. u.n. ambassador susan rice took herself out of the running after republican backlash. >> it was unjustified to give the scenario as presented by ambassador rice. >> reporter: senator kerry knows himself about being torpedoed by attacks. accused in his 2004 presidential run of lying about his military record in vietnam. >> john kerry has not been honest about what happened in vietnam. >> reporter: and criticized for his 1971 testimony opposing vietnam war. >> how do you ask a man to be the last man to die in vietnam? >>> kerry was painted a flip-flopper and out of touch, and unable to grasp struggles of regular americans and kerry did put president obama, then an unknown politician on the national stage at the democratic conventio
called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate and conservative republicans are calling on boehner to concede on taxes now while he still has leverage to ask for something in return likely sbiltsment reforms. larry hathaway joins us for more. wlarry, good to see you. geithner says do no harm but they're prepared to go over the cliff. >> i think it's rather disingenuous. the administration feel it is has wind in its sails from the election and is trying to push the mandate on the issue of mar again al tax rates. i think the risks of going off the cliff are quite high. it may not be the base case just yet, but a greater than one this three chance simply because either the leadership in the house and the white house won't find agreement, or the rank and file in the house won't go along with the compromise that its leadership strikes. >> i've been working on the assumption that they're not that stupid or are there tactics if it's only for a few days then we can get something else going? >> i'm not so sure about
to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> which is
, a ticking clock in washington. tend of the year fast approaching. still no deal to avert the fiscal cliff.
much the way george washington brushed aside his own impotence of ordnance in the revolution your while at key moments he put his foot down and essentially told the brits to stuff it. that didn't stop field marshal bernard montgomery from becoming a thorn in the sight of all american commanders in europe for the duration of the war. but ike, omar bradley, george patton all managed to work around to minimize the negative impacts of the war effort. so when the war ends we are expected to supply wealth and prosperity to all. we do to the death of our ability. and yet this brings with it this ironing that by supplying wealth and protection you are eroding the very disciplines that are necessary to maintain and perpetuate prosperity for yourself and prosperity and freedom for others. that would be the challenge for the next 75 years and the topic of volume two. how to provide a canopy of liberty and perpetuate american exceptionalism while allowing in just enough rain of difficulty and disappointment to remind americans and the world that the era in which we've all been blessed was no golden
as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out,
in politics who don't like the republicans who do not like the democrats, who do not like washington, you know what they do like? they like barack obama because they sense something about him that he's not a part of it. so even that first debate there we thought was a debacle, a lot of us people thought "well, i liked that because he's not playing th game, he's not playing gotcha, he's not saying nasty things." that that helped the balance for him. >> rose: i'll tell you who didn't like it, his campaign staff. >> i asked, -- at the end of the interview i said to him i ran into somebody during the course of the campaign who useded to work for you who is now the mayor of a major american city. >> rose: could it be chicago? (laughs) >> and i said to him "what happened, rahm, in that first debate?" and rahm looked at me and said "he haa hawaii moment." and when i said that the president laughed very loudly and he caught himself back and he told this lovely story there meant meant that when things seemed to be going to hell in a hand basket he and rahm would sit in the oval office and think "what w
of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >> stahl: now, an update on our story from a year ago called "the pledge," a look at the power wielded by lobbyist and anti-tax crusader grover norquist. nearly every republican in congress has signed the promise that they will never, under any circumstances, vote to raise taxes on anyone. here's what norquist, the pledge's originator and chief enforcer, told steve kroft. >> grover norquist: republicans who vote for a tax increase are rat heads in a coke bottle. they damage the brand for everyone else. >> stahl: now, as the country approaches the fiscal cliff, a handful of republicans have defied norquist and say they'll consider raising new revues, and 12ewly elected republicans in congress have r
never get the "washington post" to print this point, but robert byrd when he was majority leader exercise the nuclear option four times. it goes back to the beginning of the senate whereby you set binding precedent in the senate by simple majority rules. furthermore, it was being used admittedly extraordinary, one that i think out to be used in very rare occasion, only for extenuating circumstances was done not to up in the tradition but to restore it. prior to 2003 derrick never been a judge, avril edition nominee denied confirmation deeply filibuster. never, never, never never. beginning with -- i think ultimately five judges who have the majority support, push judges who were all denied confirmation deeply filibuster though they had majority support. prior to that it'd never happen. so we are trying to restore the what it always been. you can argue that ought to be a majority. that had not been the standard pride 2003. on your question of time, you're right. biggest vulnerability is time. everything takes so long. i remember when it came to the house and i came over to the sen
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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